3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

+1,200.1%

Nov 7 11:47 AM EST

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To: LoLoLoLita who wrote (11440)	12/3/1997 6:40:00 PM
From: Christopher White	Read Replies (1) of 45548

David, The market is so fickle - it looked like a repeat of yesterday and then came the reversal in the p.m. I could hardly believe it. Got very little sleep last night going over and over again in my mind the possible scenarios for today's trading. I felt that today's action was the least likely of all possibles and was prepared for a 4 to 6 point loss at exiting my position. As it was I got out at 32 9/16 with a loss of only 1 7/16, though I held on to all my Dec 37.5c. I too was impressed by the volume. COMS wouldn't be pushed below 31 15/16 - 32...over 12 million shares traded above 34. I almost went short in the morning at 32, however, I just couldn't bring myself to click the mouse to complete the trade - on the long side, COMS has been real good to me this year. Both COMS' 13 vs. 55-VAMA and 3 vs. 22-VAMA are still bullish - it closed right on its 20-DMA...both the 50-DMA and the 200-DMA are sitting at 44. Christopher

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